When Buying New is Better Value than Buying Used…
This is not something I ever expected to say, but… SOMETIMES buying a new car is better value than buying a used one.
The Current Situation
As you’ll have heard in the news, new car sales are at a 50 year low. Many manufacturers have halted production and/or cut jobs, but of course this is GREAT news for car buyers, as the dealers will now do anything to get you to order a brand-new car.
Now, this entirely depends upon what car you are looking for. Good luck trying to get much money off a new Fiat 500, however with luxury cars, 4x4s and a number of surprisingly ‘normal’ cars, the world is your oyster.
A friend of mine recently asked us to find him a nearly-new Audi Q7:
- List price new = £47,145.50
- What most dealers were asking for an 18-month-old car = £33,000.00
- The discounted price of a brand new one from his local Audi dealer = £39,547.50
Yes, it is still more expensive to buy a new car, but not by much. And if you are planning on spending £33,000 on an 18-month-old car, an extra £6,500 for a brand-new one is very tempting!
The Moral of the Story
Don’t automatically assume that a brand-new car is out of your budget. Always find out what ‘new car’ deals are out there before you start your search for a used car. After all, you never know if you don’t ask…
And there are also a number of very credible Internet-based suppliers who will knock a huge amount of money off even the most eager dealer’s best price!
Wishing you good Carma!
(Founder & Owner)